A visitor at BrightStar's recent 65th Anniversary Party in the Park holds a star.
BrightStar Credit Union was named 2011 Credit Union of the Year today by the South Florida Business Journal as part of their Excellence in Banking Awards.
The Credit Union was selected for its involvement in the community, and because they have contributed to the local economy by granting thousands of consumer loans and hiring staff (rather than laying off staff like some organizations have had to do). Another factor in the award was the Credit Union’s growth in loans and members, which are some of the best growth rates in the U.S.
BrightStar’s CEO, Ralph Crockett said about the win, “This is a great honor for all of us. The congratulations goes to all of our staff who work hard every day to wow members with great service. This is also a win for our members, since they are the owners of the Credit Union. I think there’s a sense of pride being part of a credit union which has been called the best.”
BrightStar made $68 million in loans to members for the period from June 1, 2009 to June 30, 2011 and also expanded its number of staff by 5%. Both of these are significant factors which have contributed positively to the local economy. The Credit Union is well-managed, well-capitalized and has never needed one penny of taxpayer bailout money.
BrightStar, which also won the 2010 AFP Philanthropic Company of the Year for Broward County, is a huge contributor to education. The Credit Union contributes more than 5% of its net income to Broward County Public Schools. Some of the programs include sponsoring Colonial Williamsburg Electronic Field Trips for 40 schools, financial literacy presentations to thousands of students, internships and several in-school, student-run credit unions. BrightStar also supports the Historic Sistrunk Festival, the Young at Art Children’s Museum and recently launched its financial literacy website, BrightStar University (www.BrightStarU.com).
BrightStar has more than 46,000 members, $340 million in assets and is insured by the NCUA, an agency of the federal government. Learn more at http://www.bscu.org.
BrightStar is also happy to congratulate the award finalist, Dade County Federal Credit Union — another fine south Florida credit union.
Learn more about BrightStar Credit Union and join here: https://www.bscu.org/owners/